JPMorgan Indian Investment Trust PLC Stock Forecast
JPMorgan Indian Investment Trust PLC stock price up 0.86% on Tuesday
(Updated on Apr 23, 2024)
The JPMorgan Indian Investment Trust PLC stock price gained 0.86% on the last trading day (Tuesday, 23rd Apr 2024), rising from £932.00 to £940.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.02% from a day low at £930.50 to a day high of £940.00. The price has risen in 6 of the last 10 days and is up by 2.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 162 thousand shares were bought and sold for approximately £151.83 million.
Given the current horizontal trend, you can expect JPMorgan Indian Investment Trust PLC stock with a 90% probability to be traded between £871.07 and £928.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JII.L Signals & Forecast
Mostly positive signals in the chart today. The JPMorgan Indian Investment Trust PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £923.00 and £911.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 6.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, April 05, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 05, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for JPMorgan Indian Investment Trust PLC stock
JPMorgan Indian Investment Trust PLC finds support from accumulated volume at £932.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £9.50 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: £890.78 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (JII.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect JPMorgan Indian Investment Trust PLC to open at £936.83, and during the day (based on 14 day Average True Range), to move between £929.32 and £950.68, which gives a possible trading interval of +/-£10.68 (+/-1.14%) up or down from last closing price. If JPMorgan Indian Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £932.00, some £8.00 (0.85%) from the current price of £940.00, our system finds the risk reward attractive.
Is JPMorgan Indian Investment Trust PLC stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for JPMorgan Indian Investment Trust PLC stock to perform well in the short-term period.
Current score: 4.259 Buy Candidate Unchanged
Predicted Opening Price for JPMorgan Indian Investment Trust PLC of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £936.83 ( 0.337%) | £940.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JII.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 946.33 | 0.674 % | |
| R2 | 942.70 | 0.288 % | ||
| R1 | 940.46 | 0.0492 % | ||
| Current price: | 940.00 | |||
| Support | S1 | 933.20 | -0.723 % | |
| S2 | 930.96 | -0.96 % | ||
| S3 | 927.33 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 940.00 | |||
| Support | S1 | 932.00 | -0.85% | |
| S2 | 926.00 | -1.49% | ||
| S3 | 890.00 | -5.32% |
JII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 1994 | Dec 12, 1994 | Jan 27, 1995 | £0.450 | 0.657% |
FAQ
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